Tutor Perini Corporation $TPC Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its stake in shares of Tutor Perini Corporation (NYSE:TPC) by 18.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 330,124 shares of the construction company’s stock after selling 75,861 shares during the period. Pacer Advisors Inc.’s holdings in Tutor Perini were worth $25,482,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its stake in shares of Tutor Perini by 31.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after buying an additional 148 shares during the period. State of Alaska Department of Revenue increased its position in shares of Tutor Perini by 5.8% in the 4th quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company’s stock valued at $207,000 after acquiring an additional 171 shares during the period. Quarry LP raised its stake in Tutor Perini by 74.7% in the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after acquiring an additional 183 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Tutor Perini by 54.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after acquiring an additional 188 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Tutor Perini by 71.4% during the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after acquiring an additional 252 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Trading Up 2.5%

Shares of Tutor Perini stock opened at $85.85 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a fifty day moving average price of $78.12 and a 200 day moving average price of $78.97. Tutor Perini Corporation has a 1 year low of $45.56 and a 1 year high of $100.00. The stock has a market cap of $4.52 billion, a PE ratio of 58.40 and a beta of 2.05.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.96 by $0.07. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Equities research analysts predict that Tutor Perini Corporation will post 5.18 earnings per share for the current year.

Tutor Perini Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, May 21st. Tutor Perini’s payout ratio is 16.33%.

Insider Activity

In other news, Director Robert C. Lieber sold 17,500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total value of $1,318,800.00. Following the sale, the director owned 149,410 shares in the company, valued at $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on TPC shares. Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research downgraded Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $86.50.

Tutor Perini Company Profile

Tutor Perini Corporation is a leading U.S. construction company that provides diversified general contracting, construction management and design-build services to private clients and public agencies. The company operates through three principal market segments—Civil, Building and Specialty Contractors—serving a broad range of infrastructure and vertical construction needs.

In its Civil segment, Tutor Perini delivers heavy civil infrastructure projects including highways and bridges, water management, dams, tunnels and rail systems.